Tuni Textile Mills' Stock Performance Receives 'Sell' Call from MarketsMOJO

Jan 05 2024 07:58 PM IST
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Tuni Textile Mills, a microcap company in the textile industry, has been in the news due to its stock performance. According to MarketsMojo, the stock has been given a 'Sell' call and has underperformed the sector by -2.01%. However, it is still trading higher than its moving averages, indicating a positive trend. Investors are advised to do their own research before investing.

Tuni Textile Mills, a microcap company in the textile industry, has been in the news recently due to its stock performance. According to MarketsMOJO, a leading stock market analysis platform, the stock of Tuni Textile Mills has been given a 'Sell' call. The stock opened today with a gain of 3.21%, reaching a new 52-week high of Rs.2.27. However, it underperformed the sector by -2.01% and has fallen after two consecutive days of gains.

Despite this recent dip, Tuni Textile Mills is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock. However, in comparison to the Sensex performance, Tuni Textile Mills' 1-day performance was -0.46%, while the Sensex saw a gain of 0.25%. Similarly, in the past month, Tuni Textile Mills' performance was 21.23%, while the Sensex saw a gain of 3.94%.

It is important to note that this news is based on factual data and does not include any external sources or expert opinions. As a microcap company in the textile industry, Tuni Textile Mills' stock performance may be affected by various factors such as market trends and company-specific developments. Investors are advised to do their own research and make informed decisions before investing in the stock.
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